Kays Est
$9,000,000
2400 NW 16th St Rd, Miami, FL 33125
For Sale
Multifamily
Duplex / Triplex / Fourplex
Active
Last Updated: 04/02/2026
563,448
NOI
25,899 sqft
Building Size
Details:
NOI: $563,448
Building Size: 25,899 sqft
Units: 2
Year Built: 1974
Floors: 4
Parking Spots: 45
Gross Leaseable Area: 25,899
Highlights:
- Lot Features: Corner Lot
- Building Features: Laundry Facility
- Documents Available: Deposit - Last Months Rent, Deposit - Security, Financial Statement, Copy Of Lease(S), Other Available Information, Rent Rolls, Service Contracts, Existing Survey
- Cooling: Central Air
- Heating: Central
- Flooring: Other
- Construction Materials: Concrete Block Construction, CBS Construction
Description:
Exceptional 27-unit multifamily in the heart of Little Havana. Strong and stable income with great upside through rent adjustments. All units are currently under contract, with the majority recently renewed for 12-month terms in April, providing immediate income stability. Units rent quickly with minimal annual turnover, and most tenants are long-term residents. Features include central A/C, new elevator, pool, laundry with new machines, hurricane-impact windows, and ample parking. Excellent location just minutes from Brickell, Downtown, and Coral Gables. Current cap rate of approximately 6.26%. All figures are approximate and deemed reliable.
Location
Gallery
